San Diego, CA -- (SBWIRE) -- 05/01/2018 -- Certain directors of Altice USA Inc are under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Altice USA Inc (NYSE:ATUS), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether certain officers and directors of Altice USA, Inc. (NYSE: ATUS) breached their fiduciary duties to shareholders
Long Island City, NY based Altice USA Inc, together with its subsidiaries, provides broadband communications and video services in the United States. Altice USA Inc held its initial public offering in June 2017, raising approximately $2.15 billion. After touting the company's "competitive advantage" in its registration statement, on November 3, 2017, Altice USA Inc revealed declining revenue, margin, and earnings in France and Portugal. On February 27, 2018, Altice USA Inc reported its full year and fourth quarter 2017 results. Altice USA Inc reported that its annual Total Revenue rose from over $6.01 billion in 2016 to over $9.32 billion in 2017 and that its Net Loss of $823.03 million in 2016 turned into a Net income of over $1.52 billion in 2017.
Altice USA Inc 's share price has yet to recover to its IPO price of $30 per share, closing at only $19.90 per share on April 18, 2018.
Those who purchased shares of Altice USA Inc (NYSE:ATUS) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com